# Thumbtack

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/thumbtack

- Industry: Internet
- Headquarters: San Francisco, US
- Website: www.thumbtack.com
- Total disclosed funding: $526M
- Latest round: Series I (Jun 15, 2021)
- Investors on record: 11

## About

Thumbtack, Inc. is a U.S.-based platform that connects homeowners with local service professionals, facilitating services across various categories such as home improvement, moving, and maintenance.Founded in 2008 in San Francisco, U.S., Thumbtack, Inc. allows users to find local service providers for home-related tasks. The company was established by Jonathan Swanson, Marco Zappacosta, and Sander Daniels. As of July 31, 2024, it has completed 10 funding deals, with its latest being a Series I round where it raised USD 158.20 mn from investors including Qatar Investment Authority and Sequoia Capital, bringing its total funding to USD 158.20 mn and a current valuation of USD 2,226.39 mn.Thumbtack provides a comprehensive platform that connects homeowners with local service professionals across various categories, including house cleaning, handyman services, electrical repairs, interior painting, junk removal, local moving, appliance repair, and floor installation. Users benefit from project planning tools and cost estimates tailored to their needs. The platform has over 4.5 million users, catering to both urban and rural areas in the U.S.Thumbtack's revenue model is based on transactions between service professionals and clients, where service providers pay fees or commissions upon successful transactions. The pricing for services is set competitively by professionals, fostering a dynamic marketplace that supports direct-to-consumer interactions and ensuring financial sustainability for service providers.In July 2024, Thumbtack, Inc. raised USD 75 mn in venture debt funding from investors including Hercules Capital and Silicon Valley Bank. The company aims to utilize this funding to enhance its capital access and liquidity, supporting its ongoing operations and future initiatives.

## Funding rounds

- Series I, Jun 15, 2021, $158M — Hong Shan, Blackstone Group - Fund of Funds and Secondary, Qatar Investment Authority, Tiger Global Management, Baillie Gifford, G Squared, Founders Circle Capital, CapitalG
- Series H, Jun 3, 2019, $120M — Hong Shan, Baillie Gifford
- Series G, Sep 2, 2015, $125M — Hong Shan, Tiger Global Management, Baillie Gifford, CapitalG
- Series F, Aug 20, 2014, $75M — Hong Shan, Tiger Global Management, GV, Javelin Venture Partners, CapitalG
- Series E, May 22, 2014, $30M — Hong Shan, Tiger Global Management
- Series D, Jun 13, 2013, $13M — Hong Shan, MHS Capital, Javelin Venture Partners
- Series C, Jan 9, 2012, $4.5M — MHS Capital, Javelin Venture Partners
- Series A, Jun 19, 2009, $0.7M — Javelin Venture Partners

## Investors

- Javelin Venture Partners (https://capitalatlas.ai/funds/javelin-venture-partners) — Series A, Series C, Series D, Series F
- MHS Capital (https://capitalatlas.ai/funds/mhs-capital) — Series C, Series D
- Hong Shan — Series D, Series E, Series F, Series G, Series H, Series I
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series E, Series F, Series G, Series I
- GV (https://capitalatlas.ai/funds/gv) — Series F
- CapitalG (https://capitalatlas.ai/funds/capitalg) — Series F, Series G, Series I
- Baillie Gifford (https://capitalatlas.ai/funds/baillie-gifford) — Series G, Series H, Series I
- Blackstone Group - Fund of Funds and Secondary (https://capitalatlas.ai/funds/blackstone-group-fund-of-funds-and-secondary) — Series I
- Qatar Investment Authority (https://capitalatlas.ai/funds/qatar-investment-authority) — Series I
- G Squared (https://capitalatlas.ai/funds/g-squared) — Series I
- Founders Circle Capital (https://capitalatlas.ai/funds/founders-circle-capital) — Series I